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  1. #1
    Certified Quality Poster MotorCityCobra's Avatar
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    Any bagholders here? (stocks/crypto)

    - Held heavy crypto bags for 4 years buying some ****ty altcoins (deepbrainchain and snovio) at the peak in 2017. Lost 95% of my investment which was 5k USD. Recently turned these ****ty altcoin into BTC but the amount is so small it does not really matter.

    - Held heavy AMC bags and sold after -50% loss (lost 2k USD)

    - Currently holding heavy BB bags down -50% (down 2k USD)

    Also i was up 80k USD on GME investment but did not take profits and sold with 22k USD profits. Any other bagholders here?
    Im new to investing btw and i only do shares
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  2. #2
    Registered User Destor's Avatar
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    Destor is online now
    I was -$20k for months last year but used it as an opportunity to DCA down and that - has now turned into a pretty decent +
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  3. #3
    Registered User DoYouEvenNEM's Avatar
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    I got into NEM before 2015. That wasn't a baghold.


    But a lot of things I bought after 2015 either went down, stagnated or were outright scams. Even the ERC-20 tokens I bought in 2020 only like 2 actually went up and reversed the losses I had on the other stuff. So that is implying if I was doing 4 figure or 5 figure investments per ERC-20 then I could potentially had lost a lot of money if I didn't have those two things go up...
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  4. #4
    Certified Quality Poster MotorCityCobra's Avatar
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    Originally Posted by Destor View Post
    I was -$20k for months last year but used it as an opportunity to DCA down and that - has now turned into a pretty decent +
    what stock/crypto was this? this can be a good strategy if the fundamentals are solid and the company has good long term outlook. but i will rather put my money in other stocks such as XPEV, PLTR & TSLA
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  5. #5
    Registered User Swaggod9k's Avatar
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    Damn why did you paper hand so fast after only losing 2k?

    Should have wrote covered calls to recoup your cost basis and let the underlying equity appreciate as the price has already took a bath, it can only go up.

    I make $500 dollars a week selling covered calls on BB, NOK, AMC, SNDL.

    After a month I would have recouped my 2k and still had the underlying in my portfolio.

    Diamond hands all day bby
    Last edited by Swaggod9k; 02-20-2021 at 08:56 AM.
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  6. #6
    Certified Quality Poster MotorCityCobra's Avatar
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    Originally Posted by Swaggod9k View Post
    Damn why did you paper hand so fast after only losing 2k?

    Should have wrote covered calls to recoup your cost basis and let the underlying equity appreciate as the price has already took a bath, it can only go up.

    I make $500 dollars a week selling covered calls on BB, NOK, AMC, SND.

    After a month I would have recouped my 2k and still had the underlying in my portfolio.

    Diamond hands all day bby
    bro i dont do options and i dont know how to do all that dont even know if its possible here in norway tbh
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  7. #7
    Registered User nikonD70s's Avatar
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    Bag holding AMC right now and down 11k lol. Don't mind waiting the squeeze is coming. Even if it doesn't squeeze AMC is a good fundamental stock. It was trading higher then it is now before covid.
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  8. #8
    Certified Quality Poster MotorCityCobra's Avatar
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    Originally Posted by nikonD70s View Post
    Bag holding AMC right now and down 11k lol. Don't mind waiting the squeeze is coming. Even if it doesn't squeeze AMC is a good fundamental stock. It was trading higher then it is now before covid.
    i hope it squeezes but i didnt like the fundamentals with AMC tbh thats why i sold with a major loss. even before COVID AMC had some problems, what makes you think they will disappear all of a sudden?
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  9. #9
    Registered User headturner1's Avatar
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    Originally Posted by nikonD70s View Post
    Bag holding AMC right now and down 11k lol. Don't mind waiting the squeeze is coming. Even if it doesn't squeeze AMC is a good fundamental stock. It was trading higher then it is now before covid.
    Haha fukin A.

    Good fundamental stock? It’s a sack of chit bro
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  10. #10
    Registered Usurper DimTriad's Avatar
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    Originally Posted by Swaggod9k View Post
    Damn why did you paper hand so fast after only losing 2k?

    Should have wrote covered calls to recoup your cost basis and let the underlying equity appreciate as the price has already took a bath, it can only go up.

    I make $500 dollars a week selling covered calls on BB, NOK, AMC, SNDL.

    After a month I would have recouped my 2k and still had the underlying in my portfolio.

    Diamond hands all day bby
    How far otm are you writing your calls? Premium on all these seems trash right now
    The double. Body armour. Two quick ones. I already know I’m getting there on the perfect line.
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  11. #11
    anonymous
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    My chitcoins have gone back to almost 70% of what I was worth in 2017 after years of dumping

    Going to sell the second it hits 80% and hopefully make it out 20k ahead

    If I'd put that into btc in 2017 not ven then I'd be worth about 300k now
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  12. #12
    Registered User Muscle2021's Avatar
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    im a previous btc bagholder but probably invested less than 3k. Bought in at around 9k sold at a loss but most of that was also through altcoins.
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  13. #13
    Registered User Illuminati666's Avatar
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    50% down on $FIRE in 2 weeks. I like the stock so will just hold.
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  14. #14
    Certified Quality Poster MotorCityCobra's Avatar
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    Originally Posted by ChunkerFish View Post
    My chitcoins have gone back to almost 70% of what I was worth in 2017 after years of dumping

    Going to sell the second it hits 80% and hopefully make it out 20k ahead

    If I'd put that into btc in 2017 not ven then I'd be worth about 300k now
    lmao same if i had diamondhanded BTC instead of my chitcoins i would be rich today..
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  15. #15
    Tradie nickh04's Avatar
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    i'm holding the BB bag as well. Bought in at 19.50. Looks like its got a good future ahead getting into the EV business tho. I def wont be selling for a loss
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  16. #16
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    imagine not only falling for the AMC meme but then selling your bags at a loss


    embarrasing
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  17. #17
    Registered User RoyalRyy's Avatar
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    Only thing I'm "bag holding" is BB but I already knew it was gonna be a LT stock. Has lots of potential with their QNX software and the next few years should be really good ( I hope) lol.
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  18. #18
    Registered User puristhndrwrth's Avatar
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    45k in amc gme,70-90% loss. Will wait if it goes up. First time trading
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  19. #19
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    have held some heavy individual bags in the past. overall no
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  20. #20
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    lost a ****load from ICOs in 2017-2018 cryptomania. Was up a lot at the same time.

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  21. #21
    Registered Abuser chino3's Avatar
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    Alt coins and meme stocks
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    lol i bought 166,000 doge coins back in november for like $500. could have sold it for like $20k recently but i took it out months ago
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  23. #23
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    Yeah fml


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  24. #24
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    lol @ bagholders

    u can actually see the delusion in real time with these folk
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  25. #25
    Certified Quality Poster MotorCityCobra's Avatar
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    lmao im sure there are way more bagholders here. come on get it off your chest boyos
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  26. #26
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    I was up 15k on GME and didn't sell at the top like a retard and sold for about 1k profit.

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  27. #27
    Registered User jittinfl's Avatar
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    jittinfl is a jewel in the rough. (+500) jittinfl is a jewel in the rough. (+500) jittinfl is a jewel in the rough. (+500) jittinfl is a jewel in the rough. (+500) jittinfl is a jewel in the rough. (+500) jittinfl is a jewel in the rough. (+500) jittinfl is a jewel in the rough. (+500) jittinfl is a jewel in the rough. (+500) jittinfl is a jewel in the rough. (+500) jittinfl is a jewel in the rough. (+500) jittinfl is a jewel in the rough. (+500)
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    lol
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  28. #28
    Registered User Sylvarius's Avatar
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    Made six figures in crypto 2017 and went all in on Bitcoin Private. Think all my coins are worth $700 now. Feelsreallybadman
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  29. #29
    #AllLivesMatter niospecv's Avatar
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    I dabble in Forex Crypto trading. I have made around 30k so far after 1 month. It's getting better and better. I'm hoping to reach 1M a year from now. Maybe in the future I'll be a broker for others. Invest their money and give them a nice return. Who knows.

    I own BTC, ETH, and SUM.

    Sumcoin is a cryptographic blockchain using scrypt proof-of-work algorithm. Sumcoin tracks all coins in real-time and its price is an aggregate or “SUM” of all top 100 coins most valuable coins by market capitalization. It is for those who want to gain maximum exposure to the crypto space but may only want to hold one coin for simplicity, which can reduce risk factors.
    Last edited by niospecv; 02-21-2021 at 10:01 AM.
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  30. #30
    Banned BestAssMan's Avatar
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    you mom holds my bag
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